0001209191-20-048672.txt : 20200828 0001209191-20-048672.hdr.sgml : 20200828 20200828173238 ACCESSION NUMBER: 0001209191-20-048672 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200826 FILED AS OF DATE: 20200828 DATE AS OF CHANGE: 20200828 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Russell Dana C CENTRAL INDEX KEY: 0001367405 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36642 FILM NUMBER: 201148994 MAIL ADDRESS: STREET 1: 404 WYMAN STREET STREET 2: SUITE 500 CITY: WALTHAM STATE: MA ZIP: 02451 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Vivint Solar, Inc. CENTRAL INDEX KEY: 0001607716 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433] IRS NUMBER: 455605880 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1800 WEST ASHTON BLVD. CITY: LEHI STATE: UT ZIP: 84043 BUSINESS PHONE: (877) 404-4129 MAIL ADDRESS: STREET 1: 1800 WEST ASHTON BLVD. CITY: LEHI STATE: UT ZIP: 84043 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-08-26 0 0001607716 Vivint Solar, Inc. VSLR 0001367405 Russell Dana C 1800 WEST ASHTON BLVD LEHI UT 84043 0 1 0 0 CFO and EVP Common Stock 2020-08-26 4 M 0 7353 1.30 A 337270 D Common Stock 2020-08-26 4 M 0 31890 3.45 A 369160 D Common Stock 2020-08-26 4 S 0 78481 28.041 D 290679 D Common Stock 2020-08-27 4 M 0 57012 3.45 A 347691 D Common Stock 2020-08-27 4 M 0 25966 5.20 A 373657 D Common Stock 2020-08-27 4 S 0 142867 28.084 D 230790 D Stock Option (Right to Buy) 1.30 2020-08-26 4 M 0 7353 0.00 D 2024-01-23 Common Stock 7363 0 D Stock Option (Right to Buy) 3.45 2020-08-26 4 M 0 31890 0.00 D 2027-10-02 Common Stock 31890 97420 D Stock Option (Right to Buy) 3.45 2020-08-27 4 M 0 57012 0.00 D 2027-10-02 Common Stock 57012 40408 D Stock Option (Right to Buy) 5.20 2020-08-27 4 M 0 25966 0.00 D 2028-09-26 Common Stock 25966 33381 D The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.30, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.23, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. One-third of this option vests annually in five equal installments beginning 11/18/14. The remaining two-thirds of the outstanding options vest as follows: (1) one-half will vest if and upon the date that is the sooner of (a) 313 Acquisition LLC receives a return on its invested capital at a pre-established threshold or (b) the Company's aggregate equity market capitalization is equal to or greater than $1 billion on a date no sooner than 240 days after the commencement of this offering, and (2) one-half of the shares vest if and upon the date that 313 Acquisition LLC receives an additional return on its investment at a second pre-established threshold. 25% of the shares subject to this award vested on September 6, 2018, and 1/16th of the shares subject to this award vest on each quarterly vesting date thereafter. The term "quarterly vesting date" shall mean the sixth day of March, June, September and December of any fiscal year, as applicable. 25% of the shares subject to this award vested on September 6, 2019, and 1/16th of the shares subject to this award vest on each quarterly vesting date thereafter. The term "quarterly vesting date" shall mean the sixth day of March, June, September and December of any fiscal year, as applicable. /s/ Dana C. Russell 2020-08-28